Cars (CARS) Stock Forecast, Price Target & Predictions
CARS Stock Forecast
Cars stock forecast is as follows: an average price target of $24.00 (represents a 29.73% upside from CARS’s last price of $18.50) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.
CARS Price Target
The average price target for Cars (CARS) is $24.00 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $25.00 to $23.00. This represents a potential 29.73% upside from CARS's last price of $18.50.
CARS Analyst Ratings
According to 4 Wall Street analysts, Cars's rating consensus is 'Buy'. The analyst rating breakdown for CARS stock is 0 'Strong Buy' (0.00%), 4 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Cars Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 08, 2024 | Marvin Fong | BTIG | $23.00 | $16.79 | 36.99% | 24.32% |
| Sep 21, 2022 | Gary Prestopino | Barrington | $25.00 | $11.63 | 114.96% | 35.14% |
| Jun 21, 2022 | - | BTIG | $16.00 | $9.21 | 73.72% | -13.51% |
The latest Cars stock forecast, released on Aug 08, 2024 by Marvin Fong from BTIG, set a price target of $23.00, which represents a 36.99% increase from the stock price at the time of the forecast ($16.79), and a 24.32% increase from CARS last price ($18.50).
Cars Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $23.00 |
| Last Closing Price | $18.50 | $18.50 | $18.50 |
| Upside/Downside | -100.00% | -100.00% | 24.32% |
In the current month, the average price target of Cars stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Cars's last price of $18.50. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 09, 2024 | UBS | Buy | Buy | Hold |
| Aug 09, 2024 | B. Riley | Buy | Buy | Hold |
| Aug 08, 2024 | BTIG | Buy | Buy | Hold |
| Feb 24, 2023 | Craig-Hallum | Buy | Buy | Hold |
| Jun 21, 2022 | BTIG | Buy | Buy | Hold |
Cars's last stock rating was published by UBS on Aug 09, 2024. The company gave CARS a "Buy" rating, the same as its previous rate.
Cars Financial Forecast
Cars Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $174.33M | $168.18M | $167.07M | $168.20M | $164.59M | $162.87M | $158.21M | $158.31M | $156.55M | $155.53M | $153.29M | $153.01M | $144.39M | $102.01M | $148.09M | $152.19M | $152.09M |
| Avg Forecast | $210.96M | $203.55M | $200.26M | $198.42M | $195.39M | $189.49M | $186.55M | $184.94M | $183.90M | $179.83M | $181.83M | $179.43M | $178.40M | $172.83M | $168.97M | $166.90M | $165.79M | $164.65M | $161.91M | $157.60M | $158.46M | $156.43M | $152.69M | $149.37M | $146.74M | $142.85M | $94.37M | $144.11M | $153.02M | $150.16M |
| High Forecast | $213.84M | $206.33M | $203.00M | $201.13M | $198.06M | $192.08M | $189.10M | $186.98M | $185.63M | $180.58M | $181.83M | $179.43M | $179.16M | $174.76M | $171.28M | $169.18M | $168.06M | $164.65M | $161.91M | $157.60M | $158.46M | $156.43M | $152.69M | $149.37M | $146.74M | $142.85M | $94.37M | $144.11M | $153.02M | $150.16M |
| Low Forecast | $209.02M | $201.68M | $198.42M | $196.60M | $193.60M | $187.75M | $184.84M | $183.74M | $182.59M | $179.09M | $181.83M | $179.43M | $177.85M | $171.56M | $167.42M | $165.37M | $164.27M | $164.65M | $161.91M | $157.60M | $158.46M | $156.43M | $152.69M | $149.37M | $146.74M | $142.85M | $94.37M | $144.11M | $153.02M | $150.16M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 4 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 8 | 7 | 6 | 5 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.00% | 1.00% | 1.01% | 1.00% | 1.01% | 1.00% | 1.00% | 1.00% | 1.02% | 1.03% | 1.04% | 1.01% | 1.08% | 1.03% | 0.99% | 1.01% |
Cars's average Quarter revenue forecast for Dec 23 based on 3 analysts is $178.40M, with a low forecast of $177.85M, and a high forecast of $179.16M. CARS's average Quarter revenue forecast represents a 2.33% increase compared to the company's last Quarter revenue of $174.33M (Sep 23).
Cars EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 4 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 8 | 7 | 6 | 5 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $36.09M | $17.57M | $44.81M | $48.61M | $29.65M | $38.33M | $35.70M | $29.32M | $37.65M | $40.91M | $42.27M | $37.41M | $46.40M | $14.53M | $-883.60M | $19.28M | $-432.77M |
| Avg Forecast | $-35.17M | $-33.93M | $-33.39M | $-33.08M | $-32.57M | $-31.59M | $-31.10M | $-30.83M | $-30.66M | $-29.98M | $-30.31M | $64.50M | $-29.74M | $-28.81M | $-28.17M | $58.64M | $47.09M | $63.02M | $61.97M | $53.31M | $60.65M | $59.88M | $58.44M | $29.35M | $56.17M | $54.68M | $36.12M | $-589.07M | $58.57M | $57.47M |
| High Forecast | $-34.85M | $-33.62M | $-33.08M | $-32.78M | $-32.27M | $-31.30M | $-30.82M | $-30.63M | $-30.44M | $-29.86M | $-30.31M | $77.41M | $-29.65M | $-28.60M | $-27.91M | $70.37M | $56.51M | $63.02M | $61.97M | $63.97M | $60.65M | $59.88M | $58.44M | $35.22M | $56.17M | $54.68M | $36.12M | $-471.25M | $58.57M | $57.47M |
| Low Forecast | $-35.65M | $-34.40M | $-33.84M | $-33.53M | $-33.02M | $-32.02M | $-31.53M | $-31.17M | $-30.95M | $-30.10M | $-30.31M | $51.60M | $-29.87M | $-29.13M | $-28.55M | $46.91M | $37.67M | $63.02M | $61.97M | $42.65M | $60.65M | $59.88M | $58.44M | $23.48M | $56.17M | $54.68M | $36.12M | $-706.88M | $58.57M | $57.47M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | -1.25% | -0.62% | 0.76% | 1.03% | 0.47% | 0.62% | 0.67% | 0.48% | 0.63% | 0.70% | 1.44% | 0.67% | 0.85% | 0.40% | 1.50% | 0.33% | -7.53% |
3 analysts predict CARS's average Quarter EBITDA for Dec 23 to be $-29.74M, with a high of $-29.65M and a low of $-29.87M. This is -182.42% lower than Cars's previous annual EBITDA (Sep 23) of $36.09M.
Cars Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 4 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 8 | 7 | 6 | 5 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.49M | $94.13M | $11.48M | $10.26M | $-2.94M | $5.54M | $4.34M | $-5.96M | $2.43M | $5.97M | $5.28M | $7.22M | $-12.26M | $-24.64M | $-787.43M | $-4.11M | $-426.16M |
| Avg Forecast | $42.67M | $38.96M | $37.80M | $39.27M | $45.82M | $42.74M | $39.51M | $41.92M | $37.88M | $30.19M | $30.30M | $7.84M | $30.62M | $27.74M | $31.41M | $7.13M | $-9.57M | $27.13M | $17.97M | $6.48M | $29.16M | $28.26M | $27.69M | $3.67M | $4.41M | $-6.10M | $-28.99M | $-524.96M | $4.24M | $4.58M |
| High Forecast | $43.43M | $39.65M | $38.47M | $39.97M | $46.63M | $43.50M | $40.22M | $42.66M | $38.55M | $30.59M | $30.31M | $9.41M | $39.80M | $36.07M | $31.97M | $8.55M | $-7.65M | $27.13M | $17.97M | $7.78M | $29.16M | $28.26M | $27.69M | $4.40M | $4.41M | $-6.10M | $-28.99M | $-419.96M | $4.24M | $4.58M |
| Low Forecast | $42.16M | $38.49M | $37.35M | $38.80M | $45.27M | $42.23M | $39.04M | $41.42M | $37.43M | $29.79M | $30.30M | $6.27M | $19.90M | $16.65M | $31.03M | $5.70M | $-11.48M | $27.13M | $17.97M | $5.18M | $29.16M | $28.26M | $27.69M | $2.93M | $4.41M | $-6.10M | $-28.99M | $-629.95M | $4.24M | $4.58M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.16% | 3.00% | 1.61% | -1.07% | -0.11% | 0.31% | 0.67% | -0.20% | 0.09% | 0.22% | 1.44% | 1.64% | 2.01% | 0.85% | 1.50% | -0.97% | -93.09% |
Cars's average Quarter net income forecast for Dec 23 is $30.62M, with a range of $19.90M to $39.80M. CARS's average Quarter net income forecast represents a 581.71% increase compared to the company's last Quarter net income of $4.49M (Sep 23).
Cars SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 4 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 8 | 7 | 6 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $77.97M | $75.80M | $100.70M | $95.81M | $92.73M | $94.98M | $94.96M | $99.62M | $90.00M | $86.36M | $83.24M | $84.20M | $74.52M | $60.53M | $83.91M | $81.80M | $79.13M |
| Avg Forecast | $115.82M | $111.76M | $109.95M | $108.94M | $107.28M | $104.04M | $102.43M | $101.54M | $100.97M | $98.74M | $99.84M | $171.57M | $97.95M | $94.89M | $92.77M | $155.97M | $159.99M | $90.40M | $88.89M | $141.79M | $87.00M | $85.89M | $83.83M | $57.80M | $80.57M | $78.43M | $51.81M | $55.94M | $84.01M | $82.44M |
| High Forecast | $117.41M | $113.28M | $111.45M | $110.43M | $108.74M | $105.46M | $103.83M | $102.66M | $101.92M | $99.15M | $99.84M | $205.88M | $98.37M | $95.95M | $94.04M | $187.17M | $191.99M | $90.40M | $88.89M | $170.15M | $87.00M | $85.89M | $83.83M | $69.36M | $80.57M | $78.43M | $51.81M | $67.13M | $84.01M | $82.44M |
| Low Forecast | $114.76M | $110.73M | $108.94M | $107.94M | $106.29M | $103.09M | $101.49M | $100.88M | $100.25M | $98.33M | $99.84M | $137.26M | $97.65M | $94.20M | $91.92M | $124.78M | $127.99M | $90.40M | $88.89M | $113.44M | $87.00M | $85.89M | $83.83M | $46.24M | $80.57M | $78.43M | $51.81M | $44.75M | $84.01M | $82.44M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.82% | 0.82% | 0.65% | 0.60% | 1.03% | 1.07% | 0.67% | 1.15% | 1.05% | 1.03% | 1.44% | 1.05% | 0.95% | 1.17% | 1.50% | 0.97% | 0.96% |
Cars's average Quarter SG&A projection for Dec 23 is $97.95M, based on 3 Wall Street analysts, with a range of $97.65M to $98.37M. The forecast indicates a 25.62% rise compared to CARS last annual SG&A of $77.97M (Sep 23).
Cars EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 4 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 8 | 7 | 6 | 5 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.07 | $1.41 | $0.17 | $0.15 | $-0.04 | $0.08 | $0.06 | $-0.09 | $0.04 | $0.09 | $0.08 | $0.11 | $-0.18 | $-0.37 | $-11.76 | $-0.06 | $-6.38 |
| Avg Forecast | $0.63 | $0.58 | $0.56 | $0.58 | $0.68 | $0.63 | $0.58 | $0.62 | $0.56 | $0.45 | $0.45 | $0.49 | $0.45 | $0.41 | $0.46 | $0.44 | $0.48 | $0.40 | $0.27 | $0.39 | $0.43 | $0.42 | $0.41 | $0.36 | $0.07 | $-0.09 | $-0.43 | $-0.09 | $0.06 | $0.07 |
| High Forecast | $0.64 | $0.59 | $0.57 | $0.59 | $0.69 | $0.64 | $0.59 | $0.63 | $0.57 | $0.45 | $0.45 | $0.49 | $0.59 | $0.53 | $0.47 | $0.45 | $0.49 | $0.40 | $0.27 | $0.39 | $0.43 | $0.42 | $0.41 | $0.36 | $0.07 | $-0.09 | $-0.43 | $-0.09 | $0.06 | $0.07 |
| Low Forecast | $0.62 | $0.57 | $0.55 | $0.57 | $0.67 | $0.62 | $0.58 | $0.61 | $0.55 | $0.44 | $0.45 | $0.49 | $0.29 | $0.25 | $0.46 | $0.43 | $0.48 | $0.40 | $0.27 | $0.39 | $0.43 | $0.42 | $0.41 | $0.36 | $0.07 | $-0.09 | $-0.43 | $-0.09 | $0.06 | $0.07 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.17% | 3.04% | 0.39% | 0.31% | -0.11% | 0.30% | 0.15% | -0.20% | 0.10% | 0.22% | 0.22% | 1.69% | 2.00% | 0.87% | 138.35% | -0.96% | -94.52% |
According to 3 Wall Street analysts, Cars's projected average Quarter EPS for Dec 23 is $0.45, with a low estimate of $0.29 and a high estimate of $0.59. This represents a 546.36% increase compared to CARS previous annual EPS of $0.07 (Sep 23).
Cars Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| KMX | CarMax | $75.30 | $218.00 | 189.51% | Buy |
| CARS | Cars | $18.50 | $24.00 | 29.73% | Buy |
| AN | AutoNation | $164.83 | $193.00 | 17.09% | Buy |
| SAH | Sonic Automotive | $62.57 | $61.00 | -2.51% | Hold |
| PAG | Penske Automotive Group | $159.22 | $152.50 | -4.22% | Buy |
| ACVA | ACV Auctions | $21.46 | $20.33 | -5.27% | Buy |
| ABG | Asbury Automotive Group | $250.47 | $230.20 | -8.09% | Hold |
| LAD | Lithia Motors | $370.65 | $339.75 | -8.34% | Buy |
| GPI | Group 1 Automotive | $401.25 | $367.50 | -8.41% | Buy |
| CARG | CarGurus | $35.45 | $29.25 | -17.49% | Buy |
| RUSHA | Rush Enterprises | $58.94 | $46.56 | -21.00% | Buy |